The Treasurer Scott Morrison is planning to allow more than 50 smaller lenders to become banks in a move that could increase competitiveness and lower home loan rates.
News
New survey shows 20% of Australians are willing to take the risk and renovate without a contingency plan
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05 July 2017
So many things can go wrong when you’re renovating but new research has exposed Australians who are willing to take the risk without contingency plans.
Rates kept at 1.5% for July but will they rise soon?
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04 July 2017
The Reserve Bank has extended its long run of stable interest rates for another month, leaving them at 1.5 per cent today, but borrowers are being told to enjoy it while it lasts.
Ex-RBA man tips several interest rake hikes over the next two years
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29 June 2017
Former Reserve Bank board member John Edwards says the central bank could lift interest rates several times over the next two years.
Census data confirms home ownership rate still declining
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28 June 2017
Data released from the 2016 census yesterday has revealed that home ownership rates in the country have continued to decline, as they have done so for the last 25 years.
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